Dr. Donal Donovan:

Yes, I think it is quite clearly stated in the Honohan report and the Nyberg report. The authors of those reports and their inquiry teams, of course, had extensive discussions with the specific key persons involved on the Irish side. I think their conclusion, which is stated very explicitly in their reports, was that this was a starting point and that it was a view not pushed on Ireland by the ECB but that was independently held by Irish officials, for good or bad. That was the view and there was only one view. I cannot find immediately the exact parts of the Honohan report but it is very clearly expressed there and I would be happy to provide the references.